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Suppose Chipotle Mexican Grill (CMG) is currently selling 100,000 burrito bowls per week at a price of $20 per burrito bowl. Suppose CMG is seeking
Suppose Chipotle Mexican Grill (CMG) is currently selling 100,000 burrito bowls per week at a price of $20 per burrito bowl. Suppose CMG is seeking to increase its Total Revenues by changing the price per burritobowl. CMG knows if it lowers the price per burrito bowl by 10% then it will sell moreburrito bowls. On the other hand, CMG also knows that if he raises the price by 10% itwill sell fewer burrito bowls. What should CMG do? Should CMG raise or lower the piece of a burrito bowl by 10%
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